Are there cash-flowing rental properties here in NJ?

[Fradel Schaechter]

I am a new investor here, and while I only looked closely at two neighborhood near me, my evaluations of different properties showed they would not cash-flow, even if I bought them at a slight discount.I have a few questions, and would appreciate any feedback I can get about one or more of these questions...

1) Is that just the ones near me, or are there other areas that are better for finding cash-flowing rental properties?

2) Anyone out there has had success with finding cash-flowing properties in NJ?

3) Anyone had success doing BRRR here in NJ?

Thank you in advance for your response!

[Guangli H.]

@Fradel Schaechter You can find cash flowing properties in NJ area. Try to look around the neighboring town close to the NY city. I know a lot of them are investing in Newark and Elizabeth. Some other towns like Rahway, Linden, Roselle, etc. Another way to select the towns is to go to MLS, find the towns which has the most recent sales of multifamily properties. Then you can research one by one and find which one you like most and go from there. In every town, there are investors who are killing it and you just to have to find the town that matches your investment philosophy. Hope this help a little bit.